No Abusive Arbitrage Device. The Bonds are not and will not be part of a transaction or series of transactions that has the effect of (a) enabling the City to exploit the difference between tax-exempt and taxable interest rates to gain a material financial advantage, and (b) overburdening the tax-exempt bond market.
Appears in 2 contracts
No Abusive Arbitrage Device. The Bonds are not and will not be part of a transaction or series of transactions that has the effect of (a1) enabling the City County or the Corporation to exploit the difference between tax-exempt and taxable interest rates to gain a material financial advantage, and (b2) overburdening the tax-exempt bond market.
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No Abusive Arbitrage Device. The Bonds are not and will not be part of a transaction or series of transactions that has the effect of (a1) enabling the City to exploit the difference between tax-tax- exempt and taxable interest rates to gain a material financial advantage, and (b2) overburdening the tax-tax- exempt bond Bond market.
Appears in 1 contract
Samples: Tax Compliance Agreement
No Abusive Arbitrage Device. The Bonds are not and will not be part of a transaction or series of transactions that has the effect of (a1) enabling the Board or the City to exploit the difference between tax-exempt and taxable interest rates to gain a material financial advantage, and (b2) overburdening the tax-exempt bond market.
Appears in 1 contract
Samples: Supplemental Financing Agreement
No Abusive Arbitrage Device. The Bonds are not and will not be part of a transaction or series of transactions that has the effect of (a1) enabling the City Issuer or the Borrower to exploit the difference between tax-exempt and taxable interest rates to gain a material financial advantage, and or (b2) overburdening the tax-exempt bond market.
Appears in 1 contract
Samples: Tax Compliance Agreement
No Abusive Arbitrage Device. The Bonds are not and will not be part of a transaction or series of transactions that has the effect of (a1) enabling the City Issuer or the Institution to exploit the difference between tax-exempt and taxable interest rates to gain a material financial advantage, and (b2) overburdening the tax-exempt bond market.
Appears in 1 contract
Samples: Tax Compliance Agreement
No Abusive Arbitrage Device. The Bonds are not and will not be part of a transaction or series of transactions that has the effect of (a1) enabling the City to exploit the difference between tax-exempt and taxable interest rates to gain a material financial advantage, and (b2) overburdening the tax-exempt bond market.
Appears in 1 contract
Samples: Federal Tax Agreement
No Abusive Arbitrage Device. The Bonds are not and will not be part of a transaction or series of transactions that has the effect of (a1) enabling the City District to exploit the difference between tax-exempt and taxable interest rates to gain a material financial advantage, and (b) overburdening the tax-exempt bond market.and
Appears in 1 contract
Samples: Tax Compliance Agreement
